Last checked at 17 Jul 2012 10:31
17 July 2012
Ubisense Group plc
("Ubisense" or "the Company")
Grant of Options
Ubisense Group plc (AIM: UBI) announces that on 29 June 2012 the Board approved the grant of 347,000 options over ordinary shares of £0.02 each in the Company ("Ordinary Shares") to certain directors and key employees of the Company ("Share Options").
The Share Options granted to directors are as follows:
Richard Green | 60,000 |
Gordon Campbell | 40,000 |
The Share Options are to subscribe for new ordinary shares in the Company and the exercise price is 212.50 pence per ordinary share, being the closing price of the Ordinary Shares on 28 June 2012.
For the directors, one third of the Share Options will vest on the first anniversary of the date of grant with the balance vesting in equal tranches on the second and third anniversaries. The grants will be fully vested on the third anniversary of the date of grant. The grants vest subject to meeting performance criteria set out in the long-term incentive plan ("LTIP"). The grants to employees are not subject to performance criteria and vest fully on the third anniversary of the date of grant. All share options must be exercised on or before 29 June 2022, failing which they will lapse.
After granting the above share options the beneficial and other interests of the directors and their families in the shares of the Company at 16 July 2012 are:
Ordinary Shares | % of Issued Share Capital | Options Over Ordinary Shares | |
Robert Sansom | 2,493,676 | 11.44 | - |
Richard Green | 1,543,011 | 7.08 | 236,278 |
Richard Newell | 643,354 | 2.95 | 1,056 |
Andrew Hopper | 225,000 | 1.03 | 20,278 |
Gordon Campbell | 87,987 | 0.40 | 193,000 |
Peter Harverson | 65,161 | 0.30 | 91,333 |
J Keith Lomas | 47,712 | 0.22 | - |
Paul Taylor | - | - | - |
Following the grant of the above options, the share capital of the Company comprises 21,804,967 Ordinary Shares, with voting rights, plus 2,090,720 options over Ordinary Shares.
The above figure of 21,804,967 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTR.
For further information, see the Company's website www.ubisense.net or contact one of the following:
Enquiries:
Ubisense Group Plc | Tel: +44 (0) 1223 535 170 |
Richard Green | |
Gordon Campbell | |
Canaccord Genuity Limited (NOMAD) | Tel: +44 (0) 20 7523 8000 |
Simon Bridges | |
Kit Stephenson | |
FTI Consulting | Tel: +44 (0) 20 7831 3113 |
James Melville-Ross | |
Jon Snowball |
About Ubisense:
Ubisense, a market leader in location solution technology, delivers mission-critical enterprise asset tracking and geospatial systems. The company's location technology provides more than 500 customers worldwide with unprecedented visibility of, and control over, previously intractable business processes. Ubisense is headquartered in Cambridge, UK, with offices in the USA; Canada; France; Germany; Singapore; and Korea. For more information visit: www.ubisense.net